At present, the tariff shock continues. There was a rumor that the tariff would be suspended for 90 days, which stimulated the rapid rise of US stocks, crude oil, gold and silver prices, but it was later confirmed to be false news and the prices fell back quickly. This shows that the market selling sentiment may continue if the tariff shock remains unchanged. Technically, gold is currently at 2982, showing signs of accumulating strength to rush upward. In terms of operation, it is recommended to do more on the callback and short on the rebound. Pay attention to the resistance of 3020-3025 on the top and the support of 2956-2950 on the bottom. Operation strategy 1: It is recommended to buy at 2973-2966, stop loss at 2960, and the target is 2995-3015. Operation strategy 2: It is recommended to sell at 3020-3025, stop loss at 3033, and the target is 2990-2955.
I expect this trading day to be a red day for THE. Bulls did well yesterday but its just a correct thus far. The overall trend is still down and I believe it will continue back down from here. DTT setup
Litecoin (LTC) has taken a sharp bearish turn as the latest monthly close fell decisively below the critical $97.12 support level. This breakdown signals a major shift in market sentiment, reinforcing the downside risks for the cryptocurrency. As broader market conditions remain uncertain, Litecoin now faces the possibility of further downside momentum, with the next significant support level resting at $57.70. Bearish Outlook Strengthens The monthly candlestick chart confirms a significant rejection from recent highs, forming a strong red candle that suggests continued selling pressure. The break below $97.12, a long-standing support level, paves the way for deeper losses and a potential retest of lower support zones. The technical landscape remains in favor of the bears, raising concerns over Litecoin’s short-term recovery prospects. Why the Bears Are in Control Several key factors contribute to Litecoin’s bearish momentum: Technical Breakdown: The confirmed close below $97.12 eliminates a crucial demand zone, turning it into new resistance. This breakdown invalidates previous bullish attempts to reclaim higher ground, making the path of least resistance to the downside. Momentum Shift: The failure to sustain prices above the critical level of $132.36 had indicated weakening bullish strength and a potential continuation of the downtrend. Market Conditions: Broader cryptocurrency market weakness, declining investor confidence, and risk-averse trading behavior have compounded the selling pressure on Litecoin. Price Targets Immediate Resistance: $97.12 (now acting as resistance) Bearish Target: $57.70 (next major key support level) As Litecoin struggles to find support, traders should watch for potential relief bounces, which may provide short-term selling opportunities before the next major leg down. If bearish momentum persists, a move toward $57.70 could materialize in the coming weeks. Litecoin’s Technology and Vision: Is There Still Hope? Despite its current technical struggles, Litecoin remains one of the most well-established cryptocurrencies in the market. Created in 2011 by Charlie Lee, Litecoin was designed as a faster and more efficient alternative to Bitcoin. Often referred to as the “silver to Bitcoin’s gold,” Litecoin has continued to evolve over the years, maintaining its relevance in the industry through continuous upgrades and improvements. Key Technological Features Faster Transactions: Litecoin’s block generation time is 2.5 minutes, significantly faster than Bitcoin’s 10-minute blocks. This allows for quicker transaction confirmations and improved usability for everyday payments. Low Transaction Fees: Litecoin offers a cost-effective way to transfer value compared to Bitcoin, making it attractive for microtransactions and cross-border payments. Security and Decentralization: Utilizing the Proof-of-Work (PoW) consensus mechanism with the Scrypt hashing algorithm, Litecoin remains secure and resistant to attacks while offering more efficient mining options. Integration of MimbleWimble: Litecoin has integrated MimbleWimble, a privacy-enhancing technology that improves fungibility and scalability while ensuring confidential transactions. Litecoin’s Long-Term Vision Litecoin continues to push forward with its goal of becoming a leading digital payment solution. The Litecoin Foundation has actively worked on merchant adoption, partnerships, and technical enhancements to improve scalability and usability. Despite current market conditions, the project remains committed to advancing cryptocurrency adoption and serving as a viable alternative for digital transactions. However, technical challenges and bearish sentiment in the market have overshadowed Litecoin’s fundamental strengths. While the technology remains robust, price action continues to be dictated by broader market sentiment, making it essential for traders to monitor key technical levels. Conclusion Litecoin’s recent breakdown below $97.12 marks a crucial turning point in its price action. While the long-term vision and technological advancements remain intact, the immediate outlook leans bearish, with the next major support level at $57.70. Traders should remain cautious, watching for potential relief rallies that could provide opportunities for re-entry before further downside.
https://www.tradingview.com/x/eod72gB8/ After K1 break up the downtrend line, K2 and K3 fall to test it for a second time, If K3 or K4 return back upon the temporary support or the downtrend line, It is very likely that a sharp rebound will start here to test 50-70USD area. Long-18.8/Stop-16/Target-53
Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- (EOSUSDT 1M chart) https://www.tradingview.com/x/zv95yOgz/ In order to continue the uptrend, it must rise above the M-Signal indicator on the 1M chart. Currently, the HA-Low indicator on the 1M chart is formed at the 2.8769 point, so if the HA-Low indicator is not newly created, it will rise to around 2.8769 and show support, which is the time to buy. However, since it is far from the M-Signal indicator of the 1M chart, it is important to check whether the price is maintained above the M-Signal indicator of the 1M chart for now. - (1D chart) https://www.tradingview.com/x/u0lem4F9/ The 0.6678-0.8033 section is an important support and resistance section. Therefore, the key is whether it can be supported and rise near this section. If it falls, you should check whether it is supported near 0.5255-0.5820. If it starts to rise, it is likely to rise to the HA-Low indicator of the 1M chart. - Thank you for reading to the end. I hope you have a successful trade. -------------------------------------------------- - This is an explanation of the big picture. I used TradingView's INDEX chart to check the entire section of BTC. I rewrote the previous chart to update it by touching the Fibonacci ratio range of 1.902 (101875.70) ~ 2 (106275.10). (Previous BTCUSD 12M chart) https://www.tradingview.com/x/WBuhqVrT/ Looking at the big picture, it seems to have been following a pattern since 2015 and has been rising. In other words, it is a pattern that maintains a 3-year uptrend and faces a 1-year downtrend. Accordingly, the uptrend is expected to continue until 2025. - (Current BTCUSD 12M chart) https://www.tradingview.com/x/z7KccUWy/ Based on the currently written Fibonacci ratio, it shows up to 3.618 (178910.15). Fibonacci ratio 0.618 (44234.54) is not expected to fall again. (BTCUSDT 12M chart) https://www.tradingview.com/x/qnPyNIaV/ I think it is around 42283.58 when looking at the BTCUSDT chart. - I will explain it again with the BTCUSD chart. The Fibonacci ratio ranges marked in the light green boxes, 1.902 (101875.70) ~ 2 (106275.10) and 3 (151166.97) ~ 3.14 (157451.83), are expected to be important support and resistance ranges. In other words, it seems likely to act as a volume profile range. Therefore, in order to break through this section upward, I think the point to watch is whether it can rise with support near the Fibonacci ratios of 1.618 (89126.41) and 2.618 (134018.28). Therefore, the maximum rising section in 2025 is expected to be the 3 (151166.97) ~ 3.14 (157451.83) section. To do that, we need to look at whether it can rise with support near 2.618 (134018.28). https://www.tradingview.com/x/QXrexgiP/ If it falls after the bull market in 2025, we don't know how far it will fall, but considering the previous decline, we expect it to fall by about -60% to -70%. Therefore, if the decline starts near the Fibonacci ratio 3.14 (157451.83), it seems likely that it will fall to around Fibonacci 0.618 (44234.54). I will explain the details again when the downtrend begins. ------------------------------------------------------
I'd be surprised if that was the bottom in equities. 10yr/2yr is still coming out of inversion which historically is followed by a recession and a decline in equities, and we have unemployment remaining stubbornly low with only one direction to go from current levels. Market selloffs usually mean investors lose money while main street loses jobs so we should start to see the unemployment rate begin to rise from here assuming that the tariff war isn't over. Trump proved today that he has no intention of relenting on the new tariffs; when China retaliated with 34% tariffs on US goods, he immediately hit them with 50% tariffs. Not sure which side will cave first, but as long as there is uncertainty around US/China trade the risk for further declines in equities remains. The previous two times the yield curve inverted, we saw 50%+ declines in equities and rising unemployment when the curve came out of inversion. There was also a short-lived inversion in 2019 with a spike in unemployment and falling equity prices due to Covid, but the Federal Reserve lowering interest rates to 0% and printing trillions of dollars kept that bear market short and sweet. We currently have a Federal Reserve that needs higher rates to fight inflation while at the same time we have a president who wants lower rates to stimulate growth. Catch-22 for the Fed: if they lower rates, they risk reigniting inflation. If they raise rates or keep them flat during a market decline it will speed up the decline in equities. Trump knows this which is why I don't think that the tariff war and market decline are over.
Potentially interesting zones we have touched, if we dont renew the current low I would favor the bullish scenario on 1D timeframe to try and reach for the relative equal highs within the distribution range we have as long as we only wick through the marked imbalance. Probably retest of 50% of the daily 1D candle tail in the area of 76.5k or test of C.E. of the highlighted BISI and then some kind of bounceback to reach out for buyside is the scenario I favor
Need see we can base in here for a few days More tariffs wed so be careful
Has anyone noticed how, after a halving, Bitcoin tends to retrace and break below the VWAP anchored to that halving, before bouncing back up when it reaches the VWAP anchored to the previous halving?" If the pattern holds, we may be in for a Bitcoin price below 40,000
As an alert I just got filled with a small limit order long and intend to add to it within this range with more frequency in the bottom half with (again) very small orders as I want to average down my entry price before we ideally pump up next if it works out that way. And if not (so in the case we gradually keep grinding down in price) I can continue to add longs until we get a bounce which may provide the opportunity to get out at break even or a small profit. But I am happy with the value of the areas I have focused on and not chasing pumps. Enjoy!